Rhumbline Advisers Sells 1,213 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Rhumbline Advisers decreased its holdings in United Natural Foods, Inc. (NYSE:UNFI) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,903 shares of the company’s stock after selling 1,213 shares during the quarter. Rhumbline Advisers owned 0.32% of United Natural Foods worth $5,214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its stake in United Natural Foods by 200.2% in the fourth quarter. Blue Trust Inc. now owns 3,191 shares of the company’s stock valued at $87,000 after acquiring an additional 2,128 shares during the last quarter. New York State Teachers Retirement System grew its position in United Natural Foods by 7.2% in the fourth quarter. New York State Teachers Retirement System now owns 84,367 shares of the company’s stock worth $2,304,000 after acquiring an additional 5,651 shares in the last quarter. Van ECK Associates Corp lifted its position in United Natural Foods by 84.5% in the 4th quarter. Van ECK Associates Corp now owns 8,039 shares of the company’s stock worth $220,000 after buying an additional 3,682 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of United Natural Foods by 44.6% during the 4th quarter. Empowered Funds LLC now owns 281,713 shares of the company’s stock valued at $7,694,000 after purchasing an additional 86,941 shares during the last quarter. Finally, Advisors Preferred LLC bought a new stake in shares of United Natural Foods in the 4th quarter valued at about $3,637,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

United Natural Foods Stock Performance

Shares of NYSE UNFI opened at $31.56 on Friday. The company has a market cap of $1.89 billion, a P/E ratio of -20.10 and a beta of 0.62. The firm’s fifty day moving average is $29.47 and its two-hundred day moving average is $23.07. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $34.76.

United Natural Foods (NYSE:UNFI) last posted its earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. The firm had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.61 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) EPS. As a group, analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on UNFI shares. Wells Fargo & Company upped their price objective on shares of United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, January 10th. BMO Capital Markets increased their price objective on shares of United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 11th. Roth Mkm boosted their target price on United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. The Goldman Sachs Group raised their target price on United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Finally, Guggenheim reiterated a “neutral” rating on shares of United Natural Foods in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.40.

United Natural Foods Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.